Toronto is arguably one of the most beautiful and best cities to live in the world today. Features such as vibrant atmosphere, lovely houses and the luxurious lifestyle make it stand out from other cities of the world. Are you considering moving to Toronto? Are you looking to acquire a preconstruction house that fits your budget? Here are few tips on how to get that perfect condo that fits your taste and budget.
First of all, in Toronto you can find a good number of pre-construction houses at affordable rates. They are considered perfect investment especially for those on a low budget. Another great advantage of acquiring pre-construction houses is the opportunity of saving on the sales commission after the completion of the project. Purchasing directly from the construction company doesn’t just makes the building cheaper for you, it also offer you the opportunity to add special features to suit your taste.
The availability of these houses isn’t a problem at all. Pre-construction houses are located all over the city. Superior Realty Point can help you find preconstruction houses of different designs, types and price range. So you will be literally spoilt for choice when it comes to choosing preconstruction houses in Toronto. Investing in Toronto Preconstruction houses offers guarantee and are of op quality. Upon purchasing a house, you are sure going to get full value for your money.
Investing in pre-construction houses has over the years proven to be a wise decision by investors and people who are moving into the beautiful city of Toronto. This method offers all you desire in a perfect house for less money and stress.
In the real estate business the deciding feature is Appreciation, and you can only find appreciation in real estate market where demand for properties is high. Some markets experience significant appreciation in a year or lesser. Generally chances are that smaller development may experience return in a short span while the larger investment take a period of about 3-8 years. As a matter of fact, this is what every astute investor in real estate considers before committing to any investment.
During the first stage of pre-construction which is the reservation stage, the investor usually sets aside a small amount, known as the “reserve” which is the right to buy the unit. The money is usually between 5-20% of the total cost of the investment and it is held by the developer. The investor, on the other hand, secures financing, approval and permit for his project or investment. Depending on the nature of the project, the reservation can take at least a year. In the situation where the investor fails to secure the necessary financing, permit and approval, the reservation money will perhaps be refunded to him or her fully as earlier agreed with the developer.